JSW to soon announce first green hydrogen project
JSW Energy NSE -1.75 % reported a 162% surge in its net profit for the third quarter at Rs 324 crore on the back of higher revenues. The consolidated net profit of the company was Rs 124 crore in the corresponding quarter a year ago.
Its joint managing director and chief executive officer Prashant Jain said the company is soon expected to announce its first green hydrogen project.
During the quarter, the company’s total revenue increased by 20% to Rs 1,984 crore from Rs 1,659 crore of the corresponding period of last year. Jain said the company witnessed an increase in short-term sales and realisation in the third quarter.
